CDC makes its first direct equity investment in Myanmar, backing Frontiir
UK development finance institution CDC announced its first direct equity investment of $30 million in Myanmar with Frontiir Co. Ltd, the country’s leading internet service provider. The investment is aimed at supporting Frontiir’s plans to expand internet coverage to 22 lower-income townships in Yangon and Mandalay by 2022, and create job openings for an estimated …
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